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Sterling Bancorp's Earnings Ramp Up on Loan, Desposit Growth

Regarding the company's move into Brooklyn, Tietjen says "the area of Brooklyn that we are going into has a large concentration of professional firms, especially lawyers. We do have a fair amount of business with lawyers, accountants and other professional firms now. The CFO also expects the Universal Mortgage acquisition to give it an additional advantage because of the mortgage group's existing customer relationships. "They are going to be a source of deposits for us, even though their principal business is to originate and sell off mortgages."

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.